MARKET MOVEMENT WEEKLY - 03.08.2015 TO 07.08.2015

MARKET MOVEMENT

NIKHIL BHATT – 099 793 80808
PERIOD – 03.08.2015 TO 07.08.2015

NIFTY FO RANGE @ 8460 TO 8630 POINT IN SHORT TERM…!!!

Dear Friends,

NIFTY FO CLOSED @ 8573 AS ON 31.07.2015..!! NIFTY FO has resistance at 8608 – 8619 Level; above which other resistance levels are at 8633 – 8640 Level with highly Volatile Trend, In Downside support levels are at 8530 – 8508 Level; below 8508 Level, other support levels are at 8484 – 8460 Levels. I am positive for next week above 8640 Level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only...and it’s still a better strategy in the given Scenario...!!! Regarding long term positions, it is preferable to remain cautious now...!!

If NIFTY crosses 8640 Level, again then the upper side target is quite high and it may touch 8686 Level in short term...!!! 

GOLDEN STOCKS FOR THE PERIOD: 03.08.2015 TO 07.08.2015

                                                                                                                                                           
1. RELIANCE (1001): It is suggested to buy @ Rs 993 with SL of Rs 986 for the target of Rs 1016 – 1023; below Rs 986 it can fall up to RS 980 – 969 levels. If it crosses Rs 1023 level than expect nonstop rally up to Rs 1047..!!

2. KOTAK BANK ( 695 ) : Operator based Game start in this stock, Buy @ Rs 686 With SL of Rs 680 for the target of Rs 709 – 719 level below Rs 680 it can show further downfall up to Rs 667…!!!

  

 3. ALLHABAD BANK ( 91 ) : Buy delivery of this stock near @ Rs 86 with SL of Rs  83 for the target of Rs 98 – 103 level. It is very good for medium term position also…!!!

4. POWER GRID CORP ( 141 ): This stock is looking very good to buy @ Rs 136 with SL of Rs 131 for the target of Rs 149 –  156 Levels below Rs 131 is stock shall witness free fall…!!!

5. ADANI PORTS ( 324 ): Buy @ Rs 319 levels considering minor support of Rs 313 and stop loss of Rs 303 for an upper target of Rs 336 – 344 levels. Below Rs 303 it can slip up to RS 296 – 290 levels…!!!

6. L I C HUSING FIN ( 498 ) : Operator based buying has been there in this stock. Buy @ Rs 488 with SL of Rs 481 for the target of Rs 513 – 525 levels it is very good for long term position also…!!!

7. COAL INDIA ( 439 ) : Trading point of view BUY @ Rs 424 With SL of Rs 416 for the target of Rs 457 - 469 level below Rs 416 It can show further downfall up to Rs 409 …..!!!

8. SAIL ( 55 ) : Buy delivery of this stock near @ Rs 51 with SL Rs 49 for the target of Rs 59 – 64 level. It’s very good for long term position also…!!!

9. ONGC ( 274 ): For medium term buying is suggested @ Rs 269 with SL Rs 263 for the target of Rs 281 – 290 level. Below Rs 260 it can show further downfall…!!!

10. GLENMARK PHARMA ( 1013 ) : It is suggested to SELL with SL Rs 1036 for the target of Rs 996 – 989 below @ Rs 989 it can slip up to Rs 979 – 976 level. Above Rs 1039 level will take the stock to Rs 1047 - 1066…!!!